lakeland bancorp inc (LBAI) Key Developments

On January 27, 2015, Lakeland Bancorp Inc. declared a $0.075 cash dividend per common share payable on February 17, 2015 to shareholders of record at the close of business February 10, 2015.

Lakeland Bancorp Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Jan 30 15

Lakeland Bancorp Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported pretax income of $11,552,000, net income of $7,939,000 or $0.21 diluted per share on net interest income of $28,850,000 against pretax income of $11,044,000, net income of $7,341,000 or $0.19 diluted per share on net interest income of $27,973,000 for the same period a year ago. Annualized return on average assets was 0.90% against 0.88% for the same period a year ago. Annualized return on average common equity was 8.35% against 8.30% for the same period a year ago.
For the year, the company reported pretax income of $46,288,000, net income of $31,129,000 or $0.82 diluted per share on net interest income of $113,566,000 against pretax income of $37,419,000, net income of $24,969,000 or $0.71 diluted per share on net interest income of $104,542,000 for the same period a year ago. Annualized return on average assets was 0.92% against 0.80% for the same period a year ago. Annualized return on average common equity was 8.48% against 7.78% for the same period a year ago. Book value per common share was $10.01 against $9.28 for the same period a year ago.

On October 15, 2014, Lakeland Bancorp Inc. declared quarterly cash dividend of $0.075 per common share, payable on November 14, 2014 to holders of record as of the close of business on November 3, 2014.

Lakeland Bancorp Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net interest income of $28,452,000 against $27,487,000 a year ago. Pretax income was $12,382,000 against $9,846,000 a year ago. Net income was $8,246,000 or $0.22 per diluted share against $6,617,000 or $0.18 per diluted share a year ago. Annualized return on average assets was 0.95% against 0.81% a year ago. Annualized return on average common equity was 8.83% against 7.64% a year ago. Annualized return on average tangible common equity was 12.66% against 11.39% a year ago.
For the nine months, the company reported net interest income of $84,716,000 against $76,569,000 a year ago. Pretax income was $34,736,000 against $26,375,000 a year ago. Net income was $23,190,000 or $0.61 per diluted share against $17,628,000 or $0.52 per diluted share a year ago. Annualized return on average assets was 0.92% against 0.78% a year ago. Annualized return on average common equity was 8.52% against 7.59% a year ago. Annualized return on average tangible common equity was 11.39% against 12.33% a year ago. Book value per common share was $9.83 against $9.24 a year ago. Tangible book value per common share was $6.87 $6.24 a year ago.

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